NCBCM Launches Secured Loan Facility - NCB CAPLoan
NCB CAPLoan is an asset based loan where the underlying security is the primary basis of the loan approval.
What is the current Acceptable Collateral?
- NCBCM JMD Money Market Fund (NCB CAP M-Fund)
- NCBCM USD Money Market Fund (NCB CAP xM-Fund)
Existing and new customers can borrow up to 90% of their Unit Trust M-Fund Value!
Qualification Criteria
- Client must have the available asset
- Client must have no delinquent debts with NCB Jamaica
Product Summary
| NCB CAPLoan | |
|---|---|
| Tenure | Maximum 5 years (Amortized) |
| Interest Rate | Fixed (9% - 10.40%) |
| Minimum loan amount | JMD 1 million |
| Turnaround time | Next day disbursal |
Contact your NCB Capital Markets Wealth Advisor today for more information!